SGX Nifty 16th May 2016

SGX Nifty

LTP  8,576.00   -128.00   -1.49% High 8,710.00 Low 8,546.50

SGX Nifty

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SGX Nifty 16th May 2016

SGX Nifty / Nifty Futures was down today and did show signs of weakness. Nifty today after the gap down was seen consistently moving lower through the day with mild consolidations. As per our Nifty Futures Tips / Nifty Prediction given to our clients our overall Nifty View remains the same and we reiterate that these are prices to sell your longs and be on cash or even short sell Nifty Futures at appropriate levels.  We reiterate that we do not see Nifty Futures moving much higher and due to Mercury Retrograde in Taurus we will keep getting pullbacks from time to time at a interval of one to five trading days but when those pullbacks come keep in mind they have to used to exit longs and short Nifty Futures. To our mind this is not a buy on dips market for now and we see significant  lower side prices in the coming days. Please keep in mind and understand our view clearly we were bullish from 7000 odd levels to 7800 area and now above 7800 we do not think buying makes any sense. Our view is from a positional stand point not a intraday or one or two days time frame. Overall we do not think that it will make any sense to be long for the time being.

Sun will change its house over the weekend and Mercury from a heliocentric stand point has started its move though Sagittarius. Historically this combination has a high probability to see Silver and Gold prices moving higher. So those who are commodity traders must keep a watch on metal prices as they can show strength  but that time has also corresponded to sharp drops in the stock markets hence it is important to see if history repeats itself as great trader W. D. Gann used to say. “Future is nothing but a repetition of the past

Nifty Share Price / Nifty Chart has been showing us signs of fatigue and tiredness on the higher side due to some astro cycles even if pullbacks do come they will eventually look like lower tops and Nifty Chart is indicating Indian Stock Markets are on their way to start its process of lower tops and lower bottoms. There have been some people who called me and said “Monsoon good, some bills passed in the parliament all this is great news” Sure it is great news but all the news indicators as we keep saying are trailing indicators and historically whenever all the news is out in the public domain that generally (not as a rule) been the trading top or bottom. In the current case so called positive news about monsoon and some bills being passed in the Parliament do not make any difference to the price pattern in play for now.  The real point to watch out is earning growth (we are aware that some of the most finest minds in the country are being swayed by so called green shoots. We deeply respect their personal view but to my mind all the data points that we watch are not showing us any green shoots.) Further it could also be that the master deceptor Rahu (North Node) who is controlling this move is clouding their thought too. It is possible.  Just to show you a e.g. all data for Nifty Futures shows that Nifty has been in a trading range since last five weeks but there was a illusion in everyone’s minds that Nifty is moving higher and it will even touch 8100, some are still convinced that it will come up towards 8400 (I do not know under what logic). This was rather still is a massive illusion in the minds of most traders and investors and thanks to some moon effects everyone was getting scared and was in fear. Fear of what I could not understand, may be it was just fear of loosing what was already on the table but the secondary human sentiment indicators that we track were showing unnecessary fear and panic in some traders minds and my great sentiment indicator system (no of phone calls per day was at almost 300+ most of them non clients just asking me one question. You say markets will come down but markets are going up and it was difficult pointing the reality to people but most of them got it after they did talk to us)

On dips buy MSL, Bajaj Hindustan, Eid Parry, Tata Coffee, Ugar Suagr. Wait for our message to reenter Nmdc and Kesoram Industries.  Keep a watch on MSL in the next few days some powerful moves are possible, today some strong hands were seen accumulating the stock.

Chat Transcript as given to clients today.

[08:59, 13/5/2016] +91 90040 79145: Gm
[08:59, 13/5/2016] +91 90040 79145: Hold 1 part STBT Trade & Positional Trade Nifty May 7500 Call Hold 1 Part Short, Nifty May 7600 Call Hold 1 Part Short & Nifty May Fut Hold 1 Part Short. Kindly hold till next update
[09:41, 13/5/2016] +91 90040 79145: Hold 1 part STBT Trade & Positional Trade Nifty May 7500 Call Hold 1 Part Short, Nifty May 7600 Call Hold 1 Part Short & Nifty May Fut Hold 1 Part Short. Kindly hold till next update
[10:02, 13/5/2016] +91 90040 79145: continue holding positions as told
[10:07, 13/5/2016] +91 90040 79145: if any fresh trade I will udpate
[11:57, 13/5/2016] +91 90040 79145: Msl mallavvvvvvv
[12:35, 13/5/2016] +91 90040 79145: Positional Trade Update Nifty Book Profit in 7600 May Call shorts and convert STBT Trade Part 1 to positional
[12:35, 13/5/2016] +91 90040 79145: confirmation Nifty 7600 May call booked 1 part
[12:36, 13/5/2016] +91 90040 79145: Positional Trade Update Nifty May 7500 Call Hold 1 Part Short & Nifty May Fut Hold 2 Parts Shorts.
[12:38, 13/5/2016] +91 90040 79145: total we have 3 parts open now
[12:41, 13/5/2016] +91 90040 79145: We have noted many people are trading in puts when we say sell call or short Nifty Futures. Please note that buying Puts is not advised. All the systems that we have built and trades we give are based on years of research and risk management. In order to make consistent money it is paramount that you follow them strictly. The rules are not flexible nor am I in this regard. These rules and safety mechanisms have been built over years please follow them and do not deviate from them at any point in time
[12:42, 13/5/2016] +91 90040 79145: please note we have 3 parts open now Nifty May Fut 2 Parts and Nifty May 7500 Call 1 Part shorts. We have closed 7600 May Call Shorts Now
[12:45, 13/5/2016] +91 90040 79145: and those who want to do stocks or bank nifty or crude or any other instrument please do so at your own risk. I understand Nifty trading on a day to day basis. I do not follow other charts as there is no scale there. If you want to make consistent risk free money please follow and trade. Do not over trade at any juncture keep qty fixed for all trades. do not do one trade for 4 lots and next trade for 2 lots all parts in trading must be equal qty only
[12:49, 13/5/2016] +91 90040 79145: Positional Trade Update Nifty May Fut Hold 2 Parts Shorts and Nifty May 7500 Call Hold 1 Part Shorts Till Next Update.
[12:49, 13/5/2016] +91 90040 79145: Total we have 3 parts open now
[12:53, 13/5/2016] +91 90040 79145: Please follow msg and trade
[12:53, 13/5/2016] +91 90040 79145: wait for msg to sell more on rise
[12:53, 13/5/2016] +91 90040 79145: overall trend remains down
[12:53, 13/5/2016] +91 90040 79145: we do not see Nifty moving higher
[12:53, 13/5/2016] +91 90040 79145: or for that matter even sustaining higher
[12:53, 13/5/2016] +91 90040 79145: keep cool head and follow msg as told
[12:54, 13/5/2016] +91 90040 79145: Positional Trade Update Nifty May Fut Hold 2 Parts Shorts and Nifty May 7500 Call Hold 1 Part Shorts Till Next Update. Total 3 Parts open now. please note
[13:05, 13/5/2016] +91 90040 79145: Nifty May 7500 Call Exit Shorts @ CMP & Sell Nifty June 7600 Call. Those holding shorts in dabba or have direct Nifty Futures shorts please hold positions as told.
[13:06, 13/5/2016] +91 90040 79145: Confirmation Nifty May 7500 Call Shorts Moved to Nifty June 7600 Call Shorts
[13:06, 13/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Shorts & Nifty May Futures Hold 2 Parts Shorts
[13:06, 13/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Shorts & Nifty May Futures Hold 2 Parts Shorts
[13:38, 13/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Shorts & Nifty May Futures Hold 2 Parts Shorts. Hold Positions as told till next update
[13:38, 13/5/2016] +91 90040 79145: Usdinr Hold 1 Part long as told
[13:38, 13/5/2016] +91 90040 79145: reiterate use dips to buy MSL, Renuka sugar
[13:38, 13/5/2016] +91 90040 79145: wait for msg to reenter kesoram and Nmdc
[14:12, 13/5/2016] +91 90040 79145: Reiterate do not see Nifty Share Price sustaining on higher side. Nifty Charts showing weakness on higher side.
[15:22, 13/5/2016] +91 90040 79145: Positional Trade Update Nifty June 7600 Call Hold 1 Part Shorts & Nifty May Futures Hold 2 Parts Shorts. Hold Positions as told till next update
[15:27, 13/5/2016] +91 90040 79145: Enjoy your weekend and relax. Tc God Bless.

Good Trading To You!